The Federal Government on Friday in Abuja called for transparency in the process of selecting a new Director-General for the World Trade Organisation (WTO) on May 31. Mr Samuel Ortom, Minister of State for Industry, Trade and Investment, expressed government’s position when Mr Roberto Zapata, a special envoy of Mexican President Pena Nieto, visited him. Ortom said credibility in the selection process would usher in a competent leadership that would take the 159-member global trade body to the next level.

At the conclusion of the April 2012 Spring Meetings of the World Bank Group/IMF, Minister of Finance and Coordinating Minister of the Economy, Dr Okonjo-Iweala, and Central Bank of Nigeria Governor, Sanusi Lamido Sanusi, had an interactive session with the Nigerian press. They discussed the high points of the meetings and other financial issues affecting the Nigerian economy. Excerpts:

Nigeria and five other countries have been named by the World Bank as top recipients of global remittances in 2012. A report released by the bank said; ”The top recipients of officially recorded remittances for 2012 are India $69 billion, China $60 billion, The Philippines $24 billion, Mexico $23 billion, Nigeria and Egypt $21 billion each.

The value of investors’ equities listed on the Nigerian Stock Exchange, NSE, recorded an appreciation last week with the key market indicators rising by 0.5 per cent.

It’s no longer news that Nigerians are not drinking enough milk, particularly the children. Now, it’s become interesting to note that the milk market has assumed a price tumbling dimension both in size and grams, an indication that the lowly can now purchase and drink what the affluent can consumer in terms of milk brands.